AIG Is Not To Blame - Democratic Underground

RandySF

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Fri Mar-20-09 03:29 PM
Original message

AIG Is Not To Blame

They did what they knew they could get away with. The fault lies with the president, the Treasury Department and both partied in Congress for allowing this to occur. Never blame a rattlesnake for doing what rattlenakes do.

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HiFructosePronSyrup

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Fri Mar-20-09 03:30 PM
Response to Original message

1. The people who blame Obama are to blame.

They're the ones who voted for Bush who deregulated in the first place.

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ddeclue

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Fri Mar-20-09 03:31 PM
Response to Original message

2. AIG IS to blame - they are the trigger pullers...

those in gov't have merely been accomplices.

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BrklynLiberal

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Fri Mar-20-09 03:34 PM
Response to Original message

3. This is a superb and scary explanation written by Matt Taibi for Rolling Stone.

http://www.democraticunderground.com/discuss/duboard.php?az=view_all&address=103x434615

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EFerrari

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Fri Mar-20-09 03:35 PM
Response to Original message

4. Except they aren't rattlesnakes. They have frontal lobes

and they're responsible for their behavior in our society.

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Fleshdancer

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Fri Mar-20-09 03:43 PM
Response to Original message

5. I disagree

The job of all corporate executives is to keep their company healthy and profitable. The problem is that AIG didn't do what they were suppose to do. We might disagree with how the administration deals with the aftermath, but we should never excuse the actions of AIG.

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JuniperLea

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Fri Mar-20-09 03:49 PM
Response to Reply #5

6. Well said...

The blame rests squarely on the shoulders of those at the top of the AIG corporate ladder. They took the low road.

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damntexdem

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Fri Mar-20-09 04:12 PM
Response to Original message

7. AIG is to blame. So are politicians who for 3 decades deregulated financial markets.

So are regulators who turned blind eyes to risky practices that they might have had some power to restrain.

Plenty of blame to go around -- but very little if any of it belongs to Obama.

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WorseBeforeBetter

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Fri Mar-20-09 04:18 PM
Response to Original message

8. You're a perfect example of why this country is as fucked up as it is.

Edited on Fri Mar-20-09 04:22 PM by WorseBeforeBetter

As suggested above, read the Taibbi piece in Rolling Stone. This colossal disaster has been building for DECADES and there's blame to go all the way around. Obama, for the most part, inherited it.

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L0oniX

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Fri Mar-20-09 04:20 PM
Response to Original message

9. A portion of the money given to AIG went to Chase which just changed the terms of our aggreement...

Edited on Fri Mar-20-09 04:21 PM by L0oniX

and jacked up my interest rate from fixed 7.9% to a variable 12.99%. I have a perfect credit record.

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